Axos Bank
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Data as of · sourced from FFIEC call reports. How we update
Axos Bank is an FDIC-insured savings institution headquartered in San Diego, CA, established in 2000 (FDIC certificate 35546), and it is supervised by the OCC. At Q2 2026 it reported total assets of $28.87B, up 20.8% from Q2 2025, the 4th largest of 113 banks headquartered in California. Its CET1 capital ratio was 10.93% at Q2 2026, above regulatory requirements.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 35546
- Headquarters
- San Diego, CA
- Established
- 2000
- Total assets, Q2 2026
- $28.87B
- Assets vs Q2 2025
- +20.8%
- CET1 ratio, Q2 2026
- 10.93%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 122287251
- Holding company
- AXOS FINANCIAL, INC.
- Asset rank in state
- 4th of 113 in California
Axos Bank is one of the more profitable banks of its size. Its balance sheet stood at $28.9 billion at June 30, 2026, up 20.8% from a year earlier; it is based in San Diego, California. It earns about $2.15 a year on every $100 of assets, higher than about 9 in 10 of the 127 banks with $10 billion to $100 billion in assets (median $1.32). It also keeps 4.60 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 banks its size (median 3.63 cents). Much of that comes from cost control: it spends about 44 cents to bring in each dollar of revenue.
Earnings jumped: net income for the quarter was $152 million, 72% above the same quarter a year earlier. Over the same year, loans grew 24.6% and deposits grew 18.0%. Where it has less room is capital: it holds common equity equal to 10.93% of its risk-weighted assets, lower than about 9 in 10 banks its size (median 12.98%).
As of June 30, 2026, Axos Bank reported a CET1 capital ratio of 10.93%, a return on assets of 2.15%, a nonperforming-loan ratio of 0.44% and a Texas ratio of 3.80%. The figures come from its call report filed with the FFIEC.
Axos Bank ranks as the 4th largest of the 113 banks based in California, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 2.2% to $28.87B, loans rose 2.6% and deposits rose 9.5%. The largest part of its loan book on June 30, 2026 was loans to nondepository financial institutions, at 42.9% of total loans, ahead of 1-4 family residential loans at 15.7%. The FDIC Summary of Deposits lists 3 offices for it, in San Diego, CA, Las Vegas, NV and Sandy, UT; its San Diego office books 93% of its branch deposits. On its Q2 2026 call report, Axos Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 4350 La Jolla Village Dr, San Diego, CA 92122
- County
- San Diego
- Metro Area
- San Diego-Chula Vista-Carlsbad, CA
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- —
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- July 4, 2000
- Former names
- Bofi Federal Bank (2011-2018); Bank of Internet USA (2000-2011)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 1,596
- Domestic deposits
- $24.83B
- Allowance for credit losses
- $264.0M
- Net charge-offs (YTD)
- $10.9M
- Average total assets
- $28.41B
- Average total loans
- $22.84B
- Average interest-bearing deposits
- $24.72B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- July 4, 2000
- FDIC Cert
- 35546
- Fed RSSD
- 2917317
- SEC CIK
- 1299709 → filed by AXOS FINANCIAL, INC.
- Website
- www.axosbank.com →
- Parent Holding Company
- AXOS FINANCIAL, INC. (RSSD 3814310) · AX
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Gregory Garrabrants | CEO | President and CEO |
| Derrick Walsh | CFO | EVP, Chief Financial Officer |
| Raymond D Matsumoto | COO | EVP, Chief Operating Officer |
| Tolla John Charles | CRO | EVP, Chief Risk Officer |
| Thomas M Constantine | CCO | EVP, Chief Credit Officer |
| Eshel Bar-Adon | GC | EVP, Chief Legal Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Axos Bank's total assets ranged from $19.93B (Q3 2023) to $28.87B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$28.87B total assets against $23.90B; $26.06B total liabilities against $21.42B.
$24.70B net loans and leases against $19.78B; $24.83B total deposits against $21.04B.
$1.57B securities against $1.29B; $1.12B cash and balances due against $2.01B.
$486.1M total interest income against $428.9M; $175.6M total interest expense against $157.3M.
$310.4M net interest income against $271.6M.
$30.7M total noninterest income against $7.4M; $153.0M total noninterest expense against $122.1M.
-$3.2M provision for credit losses against $28.0M.
$152.4M net income against $88.6M.
2.15% return on assets against 1.54%; 4.60% net interest margin against 4.83%.
10.93% CET1 capital ratio against 12.42%; 9.24% tier 1 leverage ratio against 10.23%.
Inside the full Axos Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Axos Bank rankings
Its closest position to the top of a national ranking is 73 of 4,196, for total assets; its furthest is 1,974 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.54% (Q2 2025) to 2.22% (Q1 2026) and its net interest margin ran from 4.60% (Q2 2026) to 5.09% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.93% | 2.15% | 0.44% | 3.80% | 4.60% |
| Q1 2026 | 10.90% | 2.22% | 0.41% | 3.53% | 4.77% |
| Q4 2025 | 11.12% | 2.06% | 0.46% | 4.06% | 5.09% |
| Q3 2025 | 11.37% | 1.96% | 0.58% | 4.84% | 4.89% |
| Q2 2025 | 12.42% | 1.54% | 0.62% | 4.81% | 4.83% |
| Q1 2025 | 12.20% | 1.56% | 0.71% | 5.38% | 4.77% |
| Q4 2024 | 12.49% | 1.74% | 1.26% | 9.28% | 4.87% |
| Q3 2024 | 12.67% | 1.67% | 1.13% | 8.43% | 4.90% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Axos Bank (main office) | San Diego , CA | 92122 | $23.11B |
| Las Vegas Branch | Las Vegas , NV | 89148 | $1.56B |
| Axos Bank Branch | Sandy , UT | 84070 | $162.0M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 16, 2019 | Structure Change | Acquired Mwabank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 1, 2015 | Structure Change | Acquired H & R Block Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 6, 2015 | Structure Change | Acquired Union Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.2% of deposits in CA, rank 10 of 164 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 2,014 applications, 658 loans originated, $1.18B originated, across 50 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Consumer complaints
- 301 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q4 to 2026-Q3. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, SBA 7(a) lending, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Axos Bank
What are Axos Bank's total assets?
As of the Q2 2026 filing, Axos Bank reported total assets of $28.87 billion in its FFIEC call report.
Where is Axos Bank headquartered?
It is headquartered in San Diego, CA, United States.
When was Axos Bank founded?
It was established in 2000, per the FDIC institution directory.
Is Axos Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #35546). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Axos Bank?
Axos Bank's primary federal regulator is the OCC.
What is Axos Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.93% in its Q2 2026 call report, above regulatory requirements.
How many branches does Axos Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Axos Bank's Texas Ratio?
Its Texas Ratio is 3.80% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Axos Bank previously called?
The charter now named Axos Bank has also operated as Bofi Federal Bank (2011-2018), Bank of Internet USA (2000-2011), per FDIC structure-change records.
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